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Month: July 2019

Posted on 16/07/2019

Concern grows over UAE-based oil tanker in Strait of Hormuz

Zarif brought up the ballistic missile offer during an interview with NBC News that aired Monday night as he’s in New York for meetings at the United Nations. He mentioned the UAE spending $22 billion …
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Posted on 16/07/2019

UAE newspaper commends visa rule changes

ABU DHABI, 16th July, 2019 (WAM … In an editorial on Tuesday, Gulf News said, “Any amendment to those regulations are therefore of the greatest interest to a large section of expatriates.” …
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Posted on 16/07/2019

Dubai’s DXB installs region’s largest airport solar energy system

With a capacity of 5MWp, the solar project will generate 7,483,500 kWh energy annually for Dubai Airports, resulting in savings worth AED3.3 million, state news agency WAM reported. The project will …
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Posted on 16/07/2019

UAE space law to shape future policies, establish investment opportunities

A new UAE space law, which will help shape future policies, is almost ready for take-off. The new law will promote investment in the space sector, including space tourism and exploration. In an …
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Posted on 16/07/2019

The Killers to Headline Sunday Night Yasalam After-Race Concert at 2019 Abu Dhabi Grand Prix

ABU DHABI, UAE, July 16, 2019 /CNW/ — Yas Marina Circuit and FLASH Entertainment have announced the next global music superstars to perform at this year’s Yasalam After-Race Concert as part of the …
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Posted on 16/07/2019

UAE Performs Better Than the Global Average in Four out of Five Technology-Related Capabilities

UAE organizations are half as likely to have experienced a cyber attack in the past two years compared to global average, Harvey Nash/KPMG report finds UAE management boards are enthusiastic about …
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Posted on 16/07/2019

UAE’s Bayt.com eyes going public

UAE – Bayt.com, a leading online marketplace for jobs in the Middle East, is planning to file for an initial public offering (IPO) over the coming period, Al Bayan newspaper reported. The Dubai-based …
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Posted on 16/07/2019

Egyptian digital payments company Fawry preparing for IPO

Al-Borsa said EFG Hermes would manage the IPO and Zulficar & Partners would serve as legal counsel. EFG Hermes declined to comment when contacted by Reuters. The last IPO by a private company on the …
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Posted on 16/07/2019

The Debt Panel: ‘A UAE bank is chasing me for a liability from 1997. Do debts expire?’

I was recently contacted by a debt collection agency by phone on behalf of a bank in the UAE. They alleged there are outstanding credit card dues from 1997 for some Dh200,000. I left the UAE in …
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Posted on 16/07/2019

Consolidation, digital transformation, drive UAE’s banking sector moving forward

There are 49 banks under the auspices of the Central Bank of the United Arab Emirates’ (CBUAE), of which 27 are foreign banks, 22 are national banks and seven are local banks that follow Shari’a …
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Posted on 16/07/2019

Dubai to Organise Global Investment in Aviation Summit in January 2020

Second edition of GIAS will be held from January 27-29 DUBAI, United Arab Emirates — The General Civil Aviation Authority (GCAA) of UAE has announced that the second edition of Global Investment …
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Posted on 16/07/2019

Challenging market conditions continue in Q2 2019: Cavendish Maxwell UAE property report

Cavendish Maxwell, a leading property consultancy and chartered surveying firm in the Middle East, released its UAE Property Market Report for Q2 2019, containing key data and trends for Dubai, Abu …
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Posted on 16/07/2019

Emaar accounted for largest share of all property sales in Dubai in H1 – report

Emaar Properties recorded 4,756 transactions cumulatively worth Dhs13.1bn in the first six months of this year, accounting for the largest share of all property sales in Dubai, a report has found. …
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Posted on 16/07/2019

Why Sharjah Police will be knocking on your door in August

Dubai: Residents in Sharjah should not be alarmed when police come knocking on your door next month. It is all part of a census. The Department of Statistics and Community Development in Sharjah …
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Posted on 16/07/2019

Dubai Airport constructs Middle East’s largest airport solar hub

Dubai Airports has announced that, alongside DEWA, it will now be home to the region’s largest airport solar energy system, which has been fitted at DXB Terminal 2. It’s not the first major solar park …
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Posted on 16/07/2019

UAE’s first astronaut headed to the International Space Station in September

It began searching for the country’s first astronaut in 2017, according to an April 2017 article in Gulf News, an English newspaper in the UAE. More than 4,000 Emiratis between the ages of 17 and 67 …
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Posted on 16/07/2019

Women seek clarity on new sponsorship rule in UAE

After reading the news, Nitasha called an Amer call centre, a one-stop facility for visa and immigration-related services in Dubai, on Monday to inquire about sponsoring her husband, who recently lost …
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